Forum Archive Index - March 2000

["nick" <acummin@es.co.nz>]

   Looking at the chart for nufarm the stock appears
to be on the way back up.  The stock bottomed a week or two ago
and has now broken up past 3.45.
     The institutional selling of the last few months is probably now at an
end,
while the stock will be gradually taken up by australian institutions.
    It should creep back over the 4.00 mark before too long possibly
stopping for
a rest at around 4.30.  By this time next year i expect it to be back over
the 5.00 mark
             The stock only really fell in the first place because of  the
move to australia.
     The fundamentals remain very good and the next bit of good news from
the
company will probably accelerate the upward trend
    nick


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